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At Close: Jun 04, 2026

Oil, Gold Extend Gains Amid Middle East Tensions

09:44pm, Thursday, 19'th Oct 2023
Oil and gold are extending their gains in Asian trading after surging in the volatile New York session. Commodities have been the most sensitive assets to reports of fresh violence in the Middle East.
Oil prices extended gains on Friday, rising about 1% on fears that the Israel-Gaza conflict may spread in the Middle East and disrupt supplies from one of the world's top-producing regions.
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According to recent reports, Israel is ready to start a ground operation against Hamas.

U.S. oil futures climb closer to $90 a barrel

02:40pm, Thursday, 19'th Oct 2023
Oil futures ended higher on Thursday, with U.S. prices edging closer to $90 a barrel. “Energy markets are in the grasp of geopolitical events,” said Tariq Zahir, managing member at Tyche Capital A
An easing of U.S. oil sanctions on OPEC member Venezuela is unlikely to require any policy changes by the OPEC+ producer group for the time being as a recovery in production is likely to be gradual, O
Crude oil markets have fallen rather significantly early during the trading session on Thursday, only to turn around and show signs of life again.
OPEC watch: As Brent Oil showcases bullish indicators, WTI Oil's trajectory remains uncertain below the $85.40 mark.
Crude futures fell Thursday, giving back much of the previous session's strong gains, after the U.S. agreed to ease sanctions on Venezuela's oil and gas sectors, though jitters remain over a potential
Oil prices fell, reversing earlier gains, as OPEC ignored Iran's Israel embargo plea and the U.S. signaled easing Venezuela sanctions.
Oil prices fell on Thursday, reversing gains in the previous session, after OPEC showed no signs of supporting Iran's call for an oil embargo on Israel and as the United States plans to ease Venezuela
Oil futures climbed Wednesday, with U.S. prices settling at their highest in more than two weeks as a blast at a Gaza City hospital raised tensions throughout the Middle East. The oil price is “resp
Iran's oil embargo proposal increased the geopolitical premium for oil, although traders believe that OPEC will ignore Iran's call.
Crude oil prices are jumping Wednesday morning following the deadly attack on a Gaza City hospital. Yahoo Finance Markets Reporter Ines Ferre examines the price trends in the energy market as Iran —

Crude Inventories Decline By 4.5 Million Barrels

10:55am, Wednesday, 18'th Oct 2023
The EIA report is bullish but traders are mostly focused on rising tensions in the Middle East.
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